MIFFLIN COUNTY INDUSTRIAL DEVELOPM… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

NICK FELICE

Phone

7172420393

Tax Period

2023-01-01 to 2023-12-31

MIFFLIN COUNTY INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1953, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $696K, a strong 31% operating margin.

Mission

TO PROMOTE THE GROWTH OF EMPLOYMENT AND INCOME IN MIFFLIN COUNTY BY USING TECHNICAL AND FINANCIAL RESOURCES FROM MCIDC AND FEDERAL, STATE, AND LOCAL AGENCIES AND INDIVIDUALS TO ENCOURAGE AND ASSIST BUSINESS AND INDUSTRIAL FORMATION, RETENTION, AND EXPANSION.

Program Service Accomplishments

Program 1

Expenses: $1,578,879 Revenue: $1,671,370

MCIDC IS RESPONSIBLE, WHEN REQUESTED, FOR ASSISTING PRIMARILY INDUSTRIAL COMPANIES TO START, EXPAND OR RELOCATE TO MIFFLIN COUNTY BY PROVIDING FINANCING OPPORTUNITIES AND FACILITIES SUCH AS MCIDC...

MCIDC IS RESPONSIBLE, WHEN REQUESTED, FOR ASSISTING PRIMARILY INDUSTRIAL COMPANIES TO START, EXPAND OR RELOCATE TO MIFFLIN COUNTY BY PROVIDING FINANCING OPPORTUNITIES AND FACILITIES SUCH AS MCIDC PLAZA, MCIDC BUSINESS CENTER, MIFFLIN COUNTY INDUSTRIAL PARK, AND OTHER SUITABLE BUILDINGS AND SITES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $168,505

Program Service Revenue $1,671,370

Investment Income $435,257

Other Revenue $0

TOTAL REVENUE $2,275,132

Expense Breakdown

Grants Paid $14,023

Salaries & Benefits $388,965

Fundraising Expenses $0

Program Expenses $1,578,879

Other Expenses $1,175,891

TOTAL EXPENSES $1,578,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,275,132	$1,801,988	+0.3%
Expenses	$1,578,879	$1,391,768	+0.1%
Net Income	$696,253	$410,220	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$119,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON UFEMA	CHAIR	2.50	Officer Director	$0	$0	$0
MARIE KIRKPATRICK	FIRST VICE CHAIR	2.50	Officer Director	$0	$0	$0
TERRY FOSTER	SECOND VICE CHAIR	2.50	Officer Director	$0	$0	$0
SUSIE CANNON	SECRETARY	2.50	Officer Director	$0	$0	$0
DANIEL WARFEL	TREASURER	2.50	Officer Director	$0	$0	$0
ALLANA HARTUNG	ASSISTANT TREASURER	2.50	Officer Director	$0	$0	$0
MARCIE BARBER	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA CALKINS-MAZUR	DIRECTOR	0.50	Director	$0	$0	$0
DON COLEMAN	DIRECTOR	0.50	Director	$0	$0	$0
MATT CRAM	DIRECTOR	0.50	Director	$0	$0	$0
RUTH EDDY	DIRECTOR	0.50	Director	$0	$0	$0
REID HANNON	DIRECTOR	0.50	Director	$0	$0	$0
KARIN KNODE	DIRECTOR	0.50	Director	$0	$0	$0
DAVE KRENTZMAN	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM BILL LAKE	DIRECTOR	0.50	Director	$0	$0	$0
ALAN METZLER	DIRECTOR	0.50	Director	$0	$0	$0
AMY ODEN-BITNER	DIRECTOR	0.50	Director	$0	$0	$0
MATT CONRAD	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT WELHAM	DIRECTOR	0.50	Director	$0	$0	$0
NICK FELICE	PRESIDENT	40.00	Officer	$100,000	$19,919	$119,919

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,275,132	$1,578,879	$10,076,740	$696,253
2022	$1,801,988	$1,391,768	$9,266,607	$410,220
2021	$3,041,088	$1,373,384	$9,045,419	$1,667,704
2020	$1,592,857	$1,302,178	$7,791,811	$290,679
2019	$1,534,970	$1,415,917	$7,598,057	$119,053
2018	$1,561,476	$3,250,433	$7,205,318	$-1,688,957

MIFFLIN COUNTY INDUSTRIAL DEVELOPMENT CORPORATION